Question: A 2 0 - year - old student wants to save $ 5 a day for her retirement. Every day, she places $ 5 in
A yearold student wants to save $ a day for her retirement. Every day, she places $ in a drawer. At the end of EACH year, she invests the accumulated savings in an automated account with an expected annual return of paid annually.
A If she begins saving today; How much money will she have when she is points
B If she did not start saving until she was years old, how much would she have at points
C How much must the yearold place in her desk daily to catch the year old? points Assume annual deposits & interest payments.
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